Contact Information: For more information on this transaction please contact: Tom Heslenfeld Finacity Corporation tel 203-428-3519 (USA) Edward Weber NORD/LB tel 212-812-6949 (USA)
Finacity and NORD/LB Announce an Increase to $55 Million for CHC Helicopter's Trade Receivable Securitization Facility
| Source: Finacity
NEW YORK, NY--(Marketwire - February 1, 2010) - Finacity Corporation ("Finacity") announced
today that, together with Norddeutsche Landesbank Girozentrale ("NORD/LB"),
it has facilitated a successful size increase to $55 million of a European
trade receivables securitization for CHC Helicopter.
About CHC Helicopter
CHC Helicopter, headquartered in Canada, is a leading provider of
helicopter support to the oil and gas industry, search and rescue,
helicopter training, repair and overhaul. CHC Helicopter operates
approximately 270 aircraft in 35 countries. More information can be found
at www.chc.ca.
About Finacity Corporation
Finacity Corporation specializes in the structuring and provision of
efficient capital markets receivables funding programs, state-of-the-art
servicing, and bond administration. Finacity is located in the USA and
Europe. For more information about Finacity, please visit www.finacity.com.
About NORD/LB
NORD/LB ranks as number 50 among the world's banks. From its securitization
base in New York, the bank specializes in securitization and other
structured transactions for its U.S. and European corporate clients. More
information on NORD/LB can be found at http://www.nordlb.com. For
securitization information, call Omar Bolli at 212-812-6946.